[157 Pages Report] Package Boilers Market was valued at USD 8.54 Billion in 2016 and is projected to reach USD 11.06 Billion by 2022, at a CAGR of 4.40% from 2017 to 2022.

The objectives of this study are:

To identify key market dynamics such as drivers, restraints, opportunities, and challenges impacting the growth of the package boilers market

To define and segment the package boilers market based on design, fuel, type, end-use industry, and region

To analyze and forecast the demand for package boilers, in terms of value

To estimate, analyze, and forecast the package boilers market with respect to key countries across various regions, such as North America, Asia Pacific, Europe, South America, and the Middle East & Africa

To analyze and forecast the demand for package boilers across different end-use industries, such as food & beverage, chemical, oil & gas, and paper & pulp

To analyze opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders

To strategically identify and profile key players in the package boilers market

Years considered for the study are:

Base Year  2016

Estimated Year  2017

Projected Year  2022

Forecast Period  2017 to 2022

For company profiles, 2016 has been considered as the base year. In the cases, wherein information was unavailable for the base year, the years prior to it have been considered.

Research Methodology

This study estimates the size of the package boilers market for 2017 and projects its demand till 2022. It also provides a detailed qualitative and quantitative analysis of the package boilers market. Various secondary sources, including directories, industry journals, and databases (such as D&B Hoovers, Bloomberg, Chemical Weekly, Factiva, government and private websites, and associations) have been used to identify and collect information useful for this extensive commercial study of the package boilers market. Primary sources such as experts from related industries and suppliers have been interviewed to obtain and verify critical information as well as assess future prospects of the package boilers market. The breakdown of profiles of primaries is depicted in the figure below:

Scope of the Report: This research report categorizes the package boilers market on the basis of type, design, fuel, end-use industry, and region. The report forecasts revenues as well as analyzes trends in each of these submarkets.

Package Boilers Market, by Design:

D-type Package Boilers

A-type Package Boilers

O-type Package Boilers

Package Boilers Market, by Type:

Fire-tube Package Boilers

Water-tube Package Boilers

Electric Boilers

Others

Package Boilers Market, by Fuel:

Oil

Gas

Biomass

Others

Package Boilers Market, by End-Use Industry:

Food & Beverage

Chemical

Oil & Gas

Paper & Pulp

Others

Package Boilers Market, by Region:

North America

Europe

Asia Pacific

Middle East & Africa

South America

Available Customizations

Along with the market data, MarketsandMarkets offers customizations according to specific needs of companies. The following customization options are available for the report:

New Product Analysis

Product matrix, which offers a detailed comparison of new products and market trends in each industry

Regional Analysis

Further breakdown of a region on the basis of country and end-use industry

The package boilers market is estimated to be USD 8.92 Billion in 2017 and is projected to reach USD 11.06 Billion by 2022, at a CAGR of 4.40% from 2017 to 2022. This growth can be attributed to the increased demand for package boilers from the food & beverage industry. The demand for package boilers is growing significantly across various regions worldwide, due to advantages associated with the use of package boilers, such as easy installation and low maintenance costs as compared to large industrial boilers. Furthermore, research & development activities are being carried to enhance the features of package boilers.

Based on design, the D-type segment of the package boilers market is projected to grow at the highest CAGR from 2017 to 2022. D-type package boilers reduce the overall project cycle time and lower costs of steam generating equipment. These boilers are utilized in power plants, paper & pulp industry, manufacturing and processing facilities, hospitals, petrochemical industry, ethanol plants, and saw mills.

Based on type, the fire-tube package boilers segment accounted for the largest share of the package boilers market in 2016. This large share can be attributed to the increasing use of fire-tube package boilers in various process industries and marine applications, as these boilers are easy to handle and can conveniently be transported from one place to another.

The food & beverage end-use industry segment is projected to lead the package boilers market during the forecast period. The food & beverage industry has become highly advanced, sophisticated, and technical due to strict air quality compliance and rise in the production capacities of food & beverage units. Package boilers are primarily used to generate steam required to carry out various processes in the food & beverage industry. Thus, the increasing applicability of package boilers in the food & beverage industry has contributed to the growth of the package boilers market.

The oil fuel segment is projected to lead the package boilers market from 2017 to 2022. Oil-based package boilers have gained popularity in regions with limited access to natural gas, such as the Northeast Asia. Boiler manufacturers are currently offering heating oil blended with biodiesel, which allows end users to reduce their dependence on foreign oil. These biodiesel blends also produce less pollution as compared to pure heating oil. Thus, biodiesel blends as a fuel source in package boilers have contributed to the growth of the oil segment of the package boilers market.

The package boilers market in the Asia Pacific region is projected to grow at the highest CAGR during the forecast period. Rapid industrialization and infrastructural developments in the Asia Pacific region offer lucrative growth opportunities to manufacturers of package boilers.

However, the formulation of stringent emission standards is acting as a key restraint to the growth of the package boilers market.

Figure 1 Package Boilers Market: Research DesignFigure 2 Market Size Estimation: Bottom-Up ApproachFigure 3 Market Size Estimation: Top-Down ApproachFigure 4 Package Boilers Market: Data TriangulationFigure 5 The Food & Beverage Segment is Estimated to Be the Largest End-Use Industry Segment of the Package Boilers Market in 2017Figure 6 The D-Type Package Boilers Segment is Anticipated to Lead the Package Boilers Market During the Forecast PeriodFigure 7 The Oil Fuel Segment is Projected to Lead the Package Boilers Market During the Forecast PeriodFigure 8 Package Boilers Market, By RegionFigure 9 The Increasing Demand for Package Boilers From Various End-Use Industries is Driving the Growth of the MarketFigure 10 The Package Boilers Market in the Asia Pacific Region is Projected to Grow at the Highest CAGR Between 2017 and 2022Figure 11 The D-Type Package Boilers Segment is Projected to Lead the Package Boilers Market Across All Regions From 2017 to 2022Figure 12 The Food & Beverage End-Use Industry Segment is Estimated to Account for the Largest Share of the Asia Pacific Package Boilers Market in 2017Figure 13 Drivers, Restraints, Opportunities, and Challenges in the Package Boilers MarketFigure 14 Porters Five Forces AnalysisFigure 15 Growth Rate of the Global Chemical Industry (2015-2018)Figure 16 The D-Type Package Boilers Segment of the Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 17 The Asia Pacific Region Accounted for the Largest Share of the D-Type Package Boilers Segment of the Package Boilers Market in 2016Figure 18 The A-Type Package Boilers Segment of the Asia Pacific Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 19 The Asia Pacific Region is Anticipated to Lead the O-Type Package Boilers Segment of the Package Boilers Market From 2017 to 2022Figure 20 The Food & Beverage End-Use Industry Segment is Projected to Lead the Package Boilers Market From 2017 to 2022Figure 21 The Food & Beverage End-Use Industry Segment of the Asia Pacific Package Boilers Market is Projected to Grow at the Highest CAGR Between 2017 and 2022Figure 22 The Asia Pacific Region is Anticipated to Lead the Chemical End-Use Industry Segment of the Package Boilers Market Between 2017 and 2022Figure 23 The Oil & Gas End-Use Industry Segment of the Asia Pacific Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 24 The Asia Pacific Region Accounted for the Largest Share of the Paper & Pulp End-Use Industry Segment of the Package Boilers Market in 2016Figure 25 The Others End-Use Industry Segment of the Asia Pacific Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 26 The Biomass Fuel Segment of the Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 27 The Asia Pacific Region Accounted for the Largest Share of the Oil Fuel Segment of the Package Boilers Market in 2016Figure 28 The Gas Fuel Segment of the Asia Pacific Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 29 The Asia Pacific Region is Projected to Lead the Biomass Fuel Segment of the Package Boilers Market From 2017 to 2022Figure 30 The Asia Pacific Region is Anticipated to Lead the Others Fuel Segment of the Package Boilers Market From 2017 to 2022Figure 31 The Fire-Tube Package Boilers Type Segment of the Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 32 The Asia Pacific Region is Anticipated to Lead the Fire-Tube Package Boilers Type Segment of the Package Boilers Market Between 2017 and 2022Figure 33 The Water-Tube Package Boilers Type Segment of the Asia Pacific Package Boilers Market is Projected to Grow at the Highest CAGR From 2017 to 2022Figure 34 The North American Region is Anticipated to Lead the Electric Boilers Type Segment of the Package Boilers Market From 2017 to 2022Figure 35 The Asia Pacific Region Accounted for the Largest Share of the Others Type Segment of the Package Boilers Market in 2016Figure 36 The Asia Pacific Region Accounted for the Largest Share of the Package Boilers Market in 2016Figure 37 The North America Package Boilers Market SnapshotFigure 38 Asia Pacific Package Boilers Market SnapshotFigure 39 Europe Package Boilers Market SnapshotFigure 40 Competitive Leadership Mapping,2016Figure 41 Cleaver-Brooks Accounted for the Largest Share of the Package Boilers MarketFigure 42 Babcock & Wilcox Enterprises, Inc.: Company SnapshotFigure 43 Amec Foster Wheeler PLC: Company SnapshotFigure 44 Thermax Limited: Company SnapshotFigure 45 IHI Corporation: Company Snapshot

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